The globalin air pollution are expected to drive the market growth.
Rising adoption of air pollution control equipment, coupled with stringent government regulations, is expected to boost the global electrostatic precipitator market by 2025. Industrialization of energy and manufacturing industries is predicted to further enhance business growth over the forecast period.
Increasing investments and technological advancements are expected to encourage expansion of the market for electrostatic precipitator in the forthcoming years. Critical air pollution level caused by vehicles and industries coupled with high demand for pollution controlling equipment in developing countries such as India and China are anticipated to spur market growth over the forecast period.
The power generation segment is expected to expand at a CAGR of 4.2% over the forecast period. High dependency on electricity in automotive backed up with industrial automation is expected to boosts demand for power generation application in near future. Power generation industry has witnessed drastic change in processes as majority of the industrial players opted for renewable energy sources such as wind, natural gas, solar etc.
In terms of technology, the dry type electrostatic precipitator was valued at USD 9.66 billion in 2017 and is predicted to witness robust growth over the forecast period. High adoption coupled with government policies and regulations is projected to encourage market growth over the forecast period.
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Further key findings from the report suggest:
The U.S. electrostatic precipitator market revenue is projected to expand at a 2.2% CAGR over the forecast period owing to stringent governmental policies along with rise in demand for air pollution control equipment
UK., in terms of revenue, is projected to register a 1.8% CAGR over the forecast period
Growth in the India market can be attributed to rapid pace of industrialization, rising air pollution levels, and evolving regulatory framework.
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Grand View Research has segmented the global electrostatic precipitator market on the basis of technology, application, and region:
Electrostatic Precipitator Technology Outlook (Revenue, USD Million, 2014 – 2025)
Dry
Wet
Electrostatic Precipitator ApplicationOutlook (Revenue, USD Million, 2014 – 2025)
Chemical
Metal
Power Generation
Cement
Manufacturing
Other
Electrostatic Precipitator Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The and healthcare.
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